Gold prices today were mostly flat. It's a quick break for the precious metal, which has been experiencing one of its most volatile weeks of 2016.
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After a relentless rise from their December depths, gold prices now appear to be taking a break.
Does that mean gold's renewed bull is over? Or is this just a temporary reprieve before the gold price reverses and heads higher?
The gold price per ounce is climbing this morning (Tuesday) as investors respond to news of a deadly terrorist attack in Brussels, Belgium.
Gold prices were trading up $9.40, or 0.76%, at $1,253.50 an ounce in midmorning trading amid a flight to safety.
Today's events have caused a temporary spike in the gold price per ounce, but we see other factors pushing gold higher in the long term. Before we get to those, here's how spot gold is trending today...
The gold price in 2016 has been a great ride, if a little volatile.
Gold remains above $1,250 an ounce, and one macro indicator is sending a big sign about what's next.
The price of gold is climbing more than 1% today, after more additional global monetary easing policies were announced. And we see the price of gold climbing much higher from here in 2016.
The word for stocks this year is volatile - while gold, on the other hand, has been resilient.
The gold price today is up $11.50 to $1,275.30. That's a year-to-date gain of about 18%.
Not only has the gold price managed to remain above the $1,200 level, but it has been decidedly strong, not even testing below that level for the past couple of weeks.
One of our top recommendations at Money Morning this year is that investors should buy gold in 2016. While gold prices have climbed already in 2016, there are two “flashing” signals that show the price of gold will climb even higher this year.
As the U.S. markets have moved sideways in the past week, gold has been in consolidation mode. Today the gold spot price is around $1,223.20 - down $9.50.
Gold traders have done some profit-taking as the gold price has bounced in a range between roughly $1,205 and $1,235 over the past trading week. But the gold spot price has stayed above the $1,200 level, which has helped to paint an increasingly bullish picture.
Technically, we're getting an emerging pennant pattern that will have to resolve itself before long. Will that be to the upside or downside?
After a steep climb over the past two weeks, the gold price is down 0.25% today (Friday) in afternoon trading.
And while gold prices may head lower in the short term, we are still very bullish on the gold spot price for the rest of 2016.
Gold stocks have outperformed the market throughout 2016 as gold prices keep climbing. And according to Money Morning Resource Investing Specialist Peter Krauth, there are three major reasons gold stocks remain a buy for the rest of 2016.
Gold prices today keep climbing, up 8% in the past week.
Spot gold traded around $1,238.50 last week.
Gold prices surged to a 12-month high above $1,240.00 an ounce Thursday as investors around the globe piled into safe-haven assets.
Spot gold prices were sharply higher in early trading, up as much as $45.50, or 3.8%, at $1,242.26 an ounce.
The price of gold today is climbing 1.5%, or $17, to $1,190 this morning, continuing a strong run for the precious metal. Gold prices have now climbed roughly 12% in 2016 and should continue to climb even higher...
The price of gold today is climbing as stocks continue to be extremely volatile.
But there have also been some significant developments on a macroeconomic basis that have driven gold higher in the past week.